v3.26.1
Equity
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block] EQUITY
Common stock
The changes in number of common stock shares issued, held in treasury and outstanding are as follows for the periods presented:
IssuedHeld In TreasuryOutstanding
Balance, December 31, 202585,310,598 19,846,934 65,463,664 
Common stock acquired— 459,391 (459,391)
Equity based plans— (287,721)287,721 
Balance, June 30, 202685,310,598 20,018,604 65,291,994 
IssuedHeld In TreasuryOutstanding
Balance, December 31, 202485,310,598 19,438,336 65,872,262 
Common stock acquired— — — 
Equity based plans— (219,265)219,265 
Balance, June 30, 202585,310,598 19,219,071 66,091,527 
Common Stock Held in Treasury
Common stock held in treasury is accounted for at average cost. Gains resulting from the reissuance of common stock held in treasury are credited to additional paid-in capital. Losses resulting from the reissuance of common stock held in treasury are charged first to additional paid-in capital to the extent that the Company has previously recorded gains on treasury share transactions, then to retained earnings.
On January 29, 2026, the board of directors authorized a share repurchase program for up to $500 million of RGA’s outstanding common stock. The authorization was effective immediately and does not have an expiration date. During the six months ended June 30, 2026, the Company repurchased 459,391 shares of common stock under this program. As of June 30, 2026, the aggregate amount remaining under the Company’s share repurchase authorization was approximately $400 million.
Repurchases will be made in accordance with applicable securities laws, through market transactions, block trades, privately negotiated transactions or other means, or a combination of these methods, with the timing and number of shares repurchased dependent on a variety of factors, including share price, corporate and regulatory requirements, and market and business conditions. Repurchases may be commenced or suspended from time to time without prior notice.
Noncontrolling Interest
In 2022, Papara Financing LLC (“Papara”), a subsidiary of RGA Reinsurance Company, issued nonconvertible preferred interests to an unaffiliated third party. The membership interests in Papara consist of common interests, which are held by RGA Reinsurance Company, and preferred interests. The preferred interests total $90 million. The preferred interests are included in noncontrolling interest, and net income attributable to noncontrolling interest was $3 million for the six months ended June 30, 2026.
Accumulated Other Comprehensive Income (Loss)
The following tables present the balance of and changes in each component of accumulated other comprehensive income (loss) (“AOCI”) for the six months ended June 30, 2026 and 2025 (dollars in millions):
Accumulated Other Comprehensive Income (Loss), Net of Income Tax
Foreign Currency Translation Adjustments
Net Unrealized Investment Gains
(Losses) (1)
Pension and
Postretirement
Benefits		Effect of Updating Discount Rates on Future Policy BenefitsInstrument-Specific Credit Risk for Market Risk BenefitsTotal
Balance, December 31, 2025$121 $(4,807)$(6)$7,372 $2 $2,682 
Other comprehensive income (loss) before reclassifications(7)(1,883)— 1,210 (2)(682)
Amounts reclassified to (from) AOCI— 255 5 — — 260 
Deferred income tax benefit (expense)5 338 (1)(254)— 88 
Balance, June 30, 2026$119 $(6,097)$(2)$8,328 $— $2,348 
Accumulated Other Comprehensive Income (Loss), Net of Income Tax
Foreign Currency Translation Adjustments
Net Unrealized Investment Gains
(Losses) (1)
Pension and
Postretirement
Benefits		Effect of Updating Discount Rates on Future Policy BenefitsInstrument-Specific Credit Risk for Market Risk BenefitsTotal
Balance, December 31, 2024$(19)$(4,526)$(20)$5,412 $2 $849 
Other comprehensive income (loss) before reclassifications131 (654)4 1,445 1 927 
Amounts reclassified to (from) AOCI— 167 (1)— — 166 
Deferred income tax benefit (expense)18 116 — (324)— (190)
Balance, June 30, 2025$130 $(4,897)$(17)$6,533 $3 $1,752 
(1)Includes cash flow hedges of $(931) million and $(748) million as of June 30, 2026 and December 31, 2025, respectively, and $(473) million and $(495) million as of June 30, 2025 and December 31, 2024, respectively. See Note 11 – “Derivative Instruments” for additional information on cash flow hedges.
The following table presents the amounts of AOCI reclassifications for the three and six months ended June 30, 2026 and 2025 (dollars in millions):
Amount Reclassified from AOCI
Three months ended June 30,Six months ended June 30,Affected Line Item in 
Statements of Income
Details about AOCI Components2026202520262025
Net unrealized investment gains (losses):
Net unrealized gains (losses) on available-for-sale securities$(98)$(75)$(224)$(135)Investment related gains (losses), net
Cash flow hedges – Interest rate2 1 3 2 (1)
Cash flow hedges – Foreign currency(16)(17)(34)(34)(1)
Total(112)(91)(255)(167)
Provision for income taxes24 21 63 34 
Net unrealized gains (losses), net of tax$(88)$(70)$(192)$(133)
Amortization of defined benefit plan items:
Prior service cost (credit)
$1 $1 $1 $1 
Actuarial gains (losses)(4)— (6)— 
Total(3)1 (5)1 
Provision for income taxes1 — 1 — 
Amortization of defined benefit plans, net of tax$(2)$1 $(4)$1 
Total reclassifications for the period$(90)$(69)$(196)$(132)
(1)See Note 11 – “Derivative Instruments” for additional information on cash flow hedges.